Magellan Midstream Partners, L.P. MMP
At closeSep 22, 2023, 4:01 PM EDT
52-week range unavailable
- Market cap
- 13.13B
- Revenue (ttm)
- 3.40B
- Profit margin
- 33.72%
- Shares out
- 202.10M
- Forward P/E
- 12.40
- Dividend
- 4.19 (6.55%)
- Ex-dividend date
- May 4, 2023
- Volume
- 31.03M
- Open
- 69.44
- Previous close
- 69.00
- Day's range
- 68.80 – 69.89
- Beta
- 0.90
- Analysts
- Hold
- Price target
- 63.05 (-8.6%)
- Earnings date
- Oct 26, 2023
2Y +21.07 (+43.96%)
Key statistics
- Enterprise value
- 17.94B
- PEG ratio
- 4.13
- Price / sales
- 3.87
- Price / book
- 7.81
- Dividend yield
- 6.55%
- Payout ratio
- 89.10%
- Revenue growth
- 28.90%
- Free cash flow
- 1.01B
- Total cash
- 7.40M
- Total debt
- 5.13B
- Return on equity
- 55.74%
- Short % of float
- 1.80%
- 50-day average
- 60.11
- 200-day average
- 54.11
Analyst view
Consensus: hold
- Target (low)
- 56.00
- Target (mean)
- 63.05
- Target (high)
- 68.00
- Strong buy3
- Buy4
- Hold7
- Sell2
- Strong sell0
Next earnings
Oct 26, 2023
Expected Oct 26, 2023. Consensus EPS estimate 1.11.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Oct 26, 2023 | Sep 1, 2023 | 1.21 | — | — | — |
| Aug 3, 2023 | Jun 1, 2023 | 1.10 | — | — | — |
| May 4, 2023 | Mar 1, 2023 | 1.21 | — | — | — |
| Feb 2, 2023 | Dec 1, 2022 | 1.31 | — | — | — |
| Oct 27, 2022 | Sep 1, 2022 | 1.14 | — | — | — |
| Jul 28, 2022 | Jun 1, 2022 | 1.01 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 6, 2023 | Citigroup | reit | Neutral | Neutral |
| May 18, 2023 | Stifel | down | Buy | Hold |
| May 17, 2023 | Citigroup | down | Buy | Neutral |
| May 17, 2023 | RBC Capital | down | Outperform | Sector Perform |
| May 15, 2023 | Mizuho | main | Neutral | Neutral |
| May 8, 2023 | Wells Fargo | main | — | Equal-Weight |
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. It also provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. Magellan Midstream Partners, L.P. was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Country
- United States
- Website
- magellanlp.com
News
Pulmatrix Announces First Quarter 2026 Financial Results 
Equinor says MMP energy trading unit's profit exceeds guidance 
Bicycle Therapeutics Announces Presentation of Additional Human Radiopharmaceutical Imaging Data for MT1-MMP at the American Association for Cancer Research Annual Meeting 2025 
Allergan Aesthetics Launches BOTOX® Cosmetic (onabotulinumtoxinA) for Masseter Muscle Prominence (MMP) in Adults in China 
November's 5 Dividend Growth Stocks With 5.57%+ Yields 
ONEOK: Strong Asset Base And The Magellan Deal Add More Fuel 
TortoiseEcofin Announces Revision of Timing of Constituent Changes Due to Corporate Action 
4 Safe Picks as a Hawkish Fed Spurs Sell-off on Wall Street 
ONEOK Announces Completion of Magellan Midstream Partners Acquisition 
Magellan Holders Now Own ONEOK; There Are Better Values In The Space
Your note
Sign in to keep a note on MMP — it syncs with the Stock Master app.
Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| AARONSON MICHAEL | Officer | Conversion of Exercise of derivative security | Jan 23, 2023 | 38,761 |
| HOLMAN JEFFREY L | Chief Financial Officer | Conversion of Exercise of derivative security | Jan 23, 2023 | 50,679 |
| JOUNG CHANSOO | Director | Stock Award(Grant) | Jan 23, 2023 | 45,863 |
| KORNER LISA J | Officer | Conversion of Exercise of derivative security | Jan 23, 2023 | 90,354 |
| MAY DOUGLAS J | Officer | Conversion of Exercise of derivative security | Jan 23, 2023 | 71,521 |
| METHVIN STACY P | Director | Stock Award(Grant) | Jan 23, 2023 | 14,620 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Alps Advisors Inc. | 7.65% | 15,469,185 | 1.01B | Mar 30, 2023 |
| Janus Henderson Group PLC | 3.83% | 7,736,550 | 502.72M | Mar 30, 2023 |
| Invesco Ltd. | 3.78% | 7,641,701 | 496.56M | Mar 30, 2023 |
| Energy Income Partners, LLC | 3.12% | 6,315,186 | 410.36M | Mar 30, 2023 |
| Goldman Sachs Group Inc | 3.07% | 6,204,328 | 403.16M | Mar 30, 2023 |
| Morgan Stanley | 2.08% | 4,198,218 | 272.80M | Mar 30, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Alps ETF Tr-Alerian MLP ETF | 6.73% | 13,677,411 | 888.76M | Nov 29, 2022 |
| Janus Henderson Enterprise Fund | 3.52% | 7,147,831 | 464.47M | Dec 30, 2022 |
| Invesco Steelpath MLP Income Fund | 1.87% | 3,809,387 | 247.53M | Nov 29, 2022 |
| First Trust North American Energy Infrastructure Fund | 1.37% | 2,790,483 | 181.33M | Mar 30, 2023 |
| Global X Fds-Global X MLP ETF | 1.26% | 2,563,508 | 166.58M | Mar 30, 2023 |
| Goldman Sachs Tr-Goldman Sachs MLP Energy Infrastructure Fund | 0.97% | 1,977,293 | 128.48M | Feb 27, 2023 |